Sterling Up on Stimulus Hopes, Risk Sentiments Improve
Updated 11:21AM 17/02/2020
CAD and AUD are the top G10 FX gainers today, up 0.19% and 0.18% vs the dollar while NOK and GBP are the top losers, down -0.13% and -0.11% vs the dollar. Euro remained near three-year lows as the market was worried weak growth in the eurozone. Chinese actions to limit the impact of a coronavirus has helped calm markets with the yuan and Aussie to dollar rate improving. Sterling was buoyant after investors expected loose financial conditions under Britain's new chancellor of the exchequer. In the Asian equities space, the Nikkei 225 closed -0.69% at 23,523.24, Hang Seng closed 0.52% at 27959.6 and Kospi ended -0.06% at 2242.17. The European equities were trading firm with the FTSE up +0.29% at 7430.39, DAX up +0.21% at 13773.6, and CAC up +0.15% at 6078.5. In the rates market, global yields were trading mixed; the US 10-year yield was trading at nan% and the Bund 10-year yield trading at -0.403%. In the energy space, the Brent (front month) is trading down (-0.05%) for the day at $57.29.
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